It is a common myth that only the science field gets the most career opportunities and leads comfortable lives and some still people believe commerce jobs don’t give you financial security, which is a misconception. Commerce stream can provide the highest paid jobs when you take the right path. This field can give you a luxurious and comfortable lifestyle. Here are some of the highest-paid career opportunities after Class 12th commerce. You can also check other psychometric tests here. You can read about “Career Options for Commrce Students : After 12th Commerce“.
Career Options For Commerce Students After 12th Commerce
These are just a few of the many career options available for commerce students. Depending on your interests and skills, there may be other career options that are a better fit for you.
Chartered Accountancy (CA)
Career options for commerce students Chartered accountancy is a 5-year long course. It is a good career option. Candidates should have demand in subjects like taxation and accounting. The career path is very challenging but promising as well. It is very tough to crack CA. Well, there is no age limit for taking admission in chartered accountancy. If you are academically qualified for it, you can become a CA at any age. It is a rewarding career in fund management. The responsibilities and work under chartered accountancy involve financial planner, accountant, taxation, and auditing. It is an exciting and rewarding career option.
The CA designation is recognized as a mark of professional excellence and is held by over 1.5 million accountants worldwide. CAs are required to meet high standards of education, experience, and ethics. They must also complete continuing professional education requirements to maintain their certification. The CA profession is regulated by a number of professional accounting bodies. These bodies set the standards for education, experience, and ethics for CAs. They also administer the CA examinations and issue the CA designation.
Company Secretary (CS)
A Company Secretary (CS) is a professional who is qualified to advise and assist organizations in all aspects of corporate governance, compliance, and administration. They are responsible for ensuring that the company complies with all applicable laws and regulations, and that its operations are conducted in a fair and ethical manner. CSs also play a key role in strategic planning, risk management, and internal controls.
To become a CS, you must complete a three-year course of study accredited by the Institute of Company Secretaries of India (ICSI). The course covers a wide range of topics, including corporate law, taxation, accounting, finance, and management. Once you have completed the course, you must pass a series of examinations administered by ICSI. CSs are in high demand in the corporate world, and they can find employment in a variety of settings.
Career options for commerce students Investment bankers ease large, complicated financial transactions. They are advisors to the corporation and, in some cases, to governments. They help their clients to raise money. The candidate should have good knowledge of market trading activities and profitable securities. Apart from this investment, bankers can also work as meditators or brokers between two parties and are often responsible for setting up deals or fascinating mergers and acquisitions. It is one of the most exciting and challenging jobs in the finance-related field. It is a highly competitive professional field. There is no age limit to become an investment banker, you just have to have a good understanding of financial assets and, investing can potentially become an investment banker.
Investment bankers typically have a bachelor’s degree in finance, accounting, or economics. Many investment bankers also have a master’s degree in business administration (MBA). Investment bankers typically work long hours, and they are under a lot of pressure to perform. However, investment banking can be a very rewarding career for those who are good at it.
Career options for commerce students Public accounting refers to a business that provides accounting services to other firms. Public accountants provide accounting expertise, auditing, and tax services to their clients. Career Options for commerce students They are well-respected, strategic business courses advisors and decision-makers. They act as consultants to many issues, including taxes and accounting. A public accountant is a trusted financial advisor who helps individuals, businesses, and organizations. The responsibilities of accountants are wide.
The job outlook for public accountants is good. The Bureau of Labor Statistics projects that employment of accountants and auditors will grow 7% from 2023 to 2030, about as fast as the average for all occupations. This growth will be driven by the increasing complexity of the tax code, the increasing demand for financial information from businesses and investors, and the need for businesses to comply with government regulations.
A retail manager or store manager is responsible for every aspect of the day-to-day supervision of retail stores. They take care of sales, employees, manage budgets, supervise, and much other work in retail stores. It can be a great career path with lots of opportunities to achieve success. Candidates can remain calm in stressful situations, accept criticism and, work well under pressure with leadership skills based. There is no age limit to become a retail manager. It is one of the fastest-growing careers.
Retail managers typically have a bachelor’s degree in business administration or a related field. They must also have strong leadership, communication, and problem-solving skills. Retail managers typically work long hours, and they are under a lot of pressure to perform. However, retail management can be a very rewarding career for those who are good at it.
Personal Financial Advisor
Career options for commerce students Personal financial advisors assess the financial needs of individuals and help them with decisions on investments, tax laws, and insurance. Advisors help clients with the short and long-term benefits. A personal financial advisor should have great sales skills, analytical skills, Interpersonal skills, speaking skills, problem-solving skills, And communication skills. A personal financial advisor can face difficulties in the initial stage of the career as people prefer taking advice from an experienced person. It is a highly rewarding career option.
PFAs typically charge a fee for their services. The fee may be a flat fee, a percentage of the assets under management, or a combination of the two. If you are looking for help with your finances, a PFA can be a valuable resource. PFAs can help you develop a financial plan that is tailored to your individual needs and goals.
FAQs About Study Commerce after 12th
Q. What is Commerce stream?
A. Commerce is a stream of education that focuses on business, economics, accountancy, and finance. It includes subjects like Accountancy, Economics, Business Studies, Mathematics, and Computer Science.
Q. What courses can I pursue after completing 12th commerce?
A. There are several courses you can pursue after completing 12th commerce. Some popular courses include Bachelor of Commerce (B.Com), Bachelor of Business Administration (BBA), Bachelor of Management Studies (BMS), Chartered Accountancy (CA), Cost and Management Accountancy (CMA), Company Secretary (CS), and Bachelor of Economics.
Q. Is mathematics compulsory for commerce?
A. Mathematics is not compulsory for all commerce courses, but it is advisable to have a basic understanding of mathematical concepts. For courses like B.Com (Hons), BBA, and BMS, mathematics is a compulsory subject.
Q. What skills do I need to have to pursue commerce?
A. To pursue commerce, you need to have good analytical skills, problem-solving skills, mathematical skills, communication skills, and a good understanding of business and economics.
Ideal Career Test
A thorough evaluation tool called the Ideal Career Test was created to help people choose careers that match their interests, aptitudes, values, and personality qualities. This test seeks to help people make educated judgements about their career choices by offering insightful information about the kinds of jobs and work environments that would be a suitable fit for them.
The test begins by evaluating an individual’s interests and passions. It explores their preferences for various activities, hobbies, and subjects. This assessment helps identify areas that genuinely captivate the individual and can guide them towards career paths that align with their personal interests.
The assessment also evaluates an individual’s skills and aptitudes. It explores their strengths in different areas such as problem-solving, communication, creativity, leadership, and technical abilities. By understanding their skill set, individuals can identify careers that allow them to leverage their natural talents and develop their potential.
Personality factors have a significant role in the evaluation as well. The test investigates a person’s personality traits, including agreeableness, conscientiousness, emotional stability, openness to new experiences, and extroversion/introversion. People can find employment that suit their temperament and work methods, as well as jobs that offer a supportive atmosphere for personal development and professional satisfaction, by taking into account their personality profile.